Weblog with daily updates of the news on a frugal, fair and beautiful China, from the perspective of internet entrepreneur, new media advisor and president of the China Speakers Bureau Fons Tuinstra
Is there a bubble in China's real estate. Yes says independent analyst Andy Xie, but our Shaun Rein takes on that assumption. When 60 percent of the apartments in Beijing are paid for in cash, there is no bubble, he tells CNBC. Both opponents are going to cross swords later this week at CNBC.
Also, more on Shaun Rein bearish predictions for the four state-owned banks like the AgBank, who announced sky-high profits last week.
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